S&P 500 and Nasdaq close at new records, lifted by tech rally: Live updates

Cnbc · 🇺🇸 public United States · May 27, 2026 · 452 words · By Sarah Min; Lisa Kailai Han

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What to know about S&P 500 and Nasdaq close at new records, lifted by tech rally: Live updates

The S&P 500 and Nasdaq Composite closed at records on Thursday as tech resumed its leadership, and traders weighed a reported agreement between U.S.

Claims checked 19

Techniques found 0

Topics 0

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center75%

Right25%

4 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

The S&P 500 and Nasdaq Composite closed at records on Thursday as tech resumed its leadership, and traders weighed a reported agreement between U.S.

Why it matters

and Iranian negotiators to extend the ceasefire.

Common ground

The broader index gained 0.58% to 7,563.63, while the Nasdaq Composite rose 0.91% to 26,917.47.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

Follow-up questions

What concrete event or decision sits underneath the headline: S&P 500 and Nasdaq close at new records, lifted by tech rally: Live updates?
What evidence would most clearly confirm or weaken the claim that the iShares Expanded Tech-Software Sector ETF (IGV) rallying 2.8%?
What should readers watch for in the next update to know whether the story is changing?

open_in_new Read the original article: https://www.cnbc.com/2026/05/27/stock-market-today-live-updates.html

fact_checkClaims Checked

eFinder analyzed this article and checked 19 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

schedule Pending 9

check_circle Corroborated 6

info Single Source 2

help Insufficient Evidence 2

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Claim 1: “the iShares Expanded Tech-Software Sector ETF (IGV) rallying 2.8%”

SINGLE SOURCE

Search results provide general information about the IGV ETF but do not confirm a specific 2.8% rally for the date in question.

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web search NEUTRAL — iShares Expanded Tech-Software Sector ETF IGV:Cboe Consolidated Listings.Performance Returns. S&P North American Expd Tech Swre TR USD. +8.2%. 3 Year. 12/2021.
https://www.schwab.wallst.com/Prospect/Research/etfs/perform…

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web search NEUTRAL — Get detailed information about the iShares Expanded Tech-Software ETF. View the current IGV stock price chart, historical data, premarket price, dividend returns and more.
https://www.investing.com/etfs/ishares-goldman-sachs-softwar…

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web search NEUTRAL — IGV , an iShares product, invests in only U.S. companies, so this may not be the right fund for those who wish to gain exposure on a global scale.FactSet Classifications. Segment. Equity: North Americ…
https://etfdb.com/etf/IGV/

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Claim 2: “The broader index gained 0.58% to 7,563.63”

CORROBORATED

Three independent sources (CNBC, Data Talk, and another news source) explicitly state the S&P 500 gained 0.58% to close at 7,563.63.

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wikipedia NEUTRAL — This article is a summary of the closing milestones of the S&P 500 Index, a United States stock market index.
https://en.wikipedia.org/wiki/Closing_milestones_of_the_S&P_…

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wikipedia NEUTRAL — The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies traded on American stock exchanges (including the 30…
https://en.wikipedia.org/wiki/List_of_S&P_500_companies

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wikipedia NEUTRAL — S&P 500 (Standard and Poor's 500) is a stock market index tracking the stock performance of 500 leading companies listed on stock exchanges in the United States. It is one of the most commonly followe…
https://en.wikipedia.org/wiki/S&P_500

+ 3 more evidence sources

schedule

Claim 3: “Axios... reported that the U.S. and Iranian negotiators agreed on a 60-day memorandum of understanding to extend the ceasefire, and further negotiations on Iran's nuclear program”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

help

Claim 4: “shares of Sandisk rising 3.3%”

INSUFFICIENT EVIDENCE

No evidence was found in the provided search results regarding Sandisk shares rising 3.3%.

schedule

Claim 5: “Iran's Revolutionary Guard on Thursday said that it targeted a U.S. airbase, according to the Tasnim News Agency”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 6: “the reading of 0.5% economists polled by Dow Jones were expecting”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 7: “The company also inked a plan to spend $6 billion on Amazon Web Services over five years”

CORROBORATED

Three independent sources (Kingy AI, The Motley Fool, and another news source) confirm the $6 billion spending commitment to AWS over five years.

travel_explore

web search NEUTRAL — Amazon Web Services spent years building its cloud empire. Now it wants the AI boom to run through its hardware as well as its services. The Snowflake commitment helps that case.
https://kingy.ai/news/snowflake-6-billion-aws-enterprise-ai-…

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web search NEUTRAL — Key Points. Snowflake's product revenue growth accelerated to 34% year over year in its latest quarter. The company unveiled a five-year, $6 billion spending commitment to Amazon Web Services. The sto…
https://www.fool.com/investing/2026/05/28/snowflake-stock-is…

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web search NEUTRAL — Under the deal, Snowflake will commit USD $6 billion over five years to AWS infrastructure, including Graviton compute and AI-related spending.
https://channellife.co.nz/story/snowflake-buys-natoma-deepen…

schedule

Claim 8: “President Donald Trump has yet to give the agreement his final approval”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 9: “The 12-month inflation rate also held at 3.8%”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 10: “the U.S. military conducted new strikes in Iran against a military site”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 11: “The Commerce Department reported that the personal consumption expenditures price index rose by a seasonally adjusted 0.4% in April”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 12: “the Nasdaq Composite rose 0.91% to 26,917.47”

CORROBORATED

Multiple sources (CNBC and another news source) confirm the Nasdaq Composite rose 0.91% to 26,917.47.

menu_book

wikipedia NEUTRAL — This article is a summary of the closing milestones of the Nasdaq Composite, a United States stock market index. Since first opening at 100.00 on February 5, 1971, the Nasdaq Composite has increased, …
https://en.wikipedia.org/wiki/Closing_milestones_of_the_Nasd…

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wikipedia NEUTRAL — Nasdaq-100 (NDX) is a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It is a modified capitalization-weighted…
https://en.wikipedia.org/wiki/Nasdaq-100

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wikipedia NEUTRAL — The NASDAQ Composite (ticker symbol ^IXIC) is a stock market index that includes almost all stocks listed on the Nasdaq stock exchange. Along with the Dow Jones Industrial Average and S&P 500, it is o…
https://en.wikipedia.org/wiki/Nasdaq_Composite

+ 3 more evidence sources

help

Claim 13: “Chip giants such as Qualcomm and Advanced Micro Devices jumped 4.2% and 4.6%, respectively”

INSUFFICIENT EVIDENCE

No evidence was found in the provided search results regarding Qualcomm or AMD jumping 4.2% and 4.6% respectively.

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Claim 14: “The S&P 500 and Nasdaq Composite closed at records on Thursday”

CORROBORATED

Multiple independent sources (CNBC, Data Talk, and a third news source) confirm that the S&P 500 and Nasdaq Composite closed at record highs on Thursday, May 28, 2026.

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+ 3 more evidence sources

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Claim 15: “The Dow Jones Industrial Average was higher by 0.05% at 50,668.97”

CORROBORATED

Both Morningstar (Data Talk) and CNBC report the Dow Jones Industrial Average was higher by 0.05% at 50,668.97.

travel_explore

web search NEUTRAL — May 28, 2026 ... ... The Dow Jones Industrial Average is up 24.69 points or 0.05% today to 50668.97. --A new record close. --11th record close of 2026. --Up for two ...
https://www.morningstar.com/news/dow-jones/2026052810239/dji…

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web search NEUTRAL — Feb 8, 2026 ... The Dow Jones Industrial Average surged over 200 points, closing at 51,307.79, driven by tech stock optimism amid geopolitical uncertainties.
https://www.instagram.com/reel/DUevMIYjNtf/

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web search NEUTRAL — May 28, 2026 ... The Dow Jones Industrial Average was higher by 0.05% at 50,668.97. Tech stocks rallied Thursday, after a strong earnings outlook from ...
https://www.cnbc.com/2026/05/27/stock-market-today-live-upda…

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Claim 16: “Shares [of Snowflake] soared 36.5%, posting its best day ever”

CORROBORATED

Multiple sources confirm Snowflake shares surged 36.5% on May 28, 2026, following a positive outlook and AWS deal.

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web search NEUTRAL — May 29, 2026 ... Investors are starting to view Snowflake as one of the biggest enterprise AI winners. The company announced a $6 billion expansion of its AWS ...
https://www.instagram.com/p/DY7t7-2ldho/

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web search NEUTRAL — May 15, 2026 ... ... largest single day drop for a company in US history. Last Monday ... profit forecast, marking its largest one-day loss since March 2020.
https://www.facebook.com/investorsbusinessdaily/posts/guess-…

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web search NEUTRAL — May 28, 2026 ... ↗️ Snowflake (SNOW): Shares surged 36.5% after the cloud-software company lifted its full-year outlook and struck a $6 billion deal with Amazon ( ...
https://www.wsj.com/livecoverage/stock-market-today-dow-sp-5…

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Claim 17: “Both indexes also hit intraday all-time highs”

SINGLE SOURCE

While one source mentions the Nasdaq hitting a record intraday high, there is no consistent corroboration across multiple sources for both indices hitting intraday highs specifically on that Thursday.

menu_book

+ 3 more evidence sources

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Claim 18: “The West Texas Intermediate crude oil futures inched up about 0.3% to settle at $88.90 a barrel”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 19: “Brent futures ticked down 0.6% to settle at $93.71 a barrel”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.